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    ChopTheCactus's Avatar
    ChopTheCactus Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 20, 2017, 03:13 PM
    Sponsorship Income for and Event
    My company just put on an event (we're a tech company and wanted to put on a tech event). We reached out to people who might want to be sponsors and received money that way and from ticket sales. How do we recognize this? Would it be a contra-expense to off-set the event cost, or do we have to recognize it as revenue some other way?
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
    current pert
     
    #2

    Oct 20, 2017, 03:47 PM
    You have income from sponsors and sales, and you have expenses for the event.
    How you 'cost' it internally is your choice.

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